The Minister of Commerce of Union and Industry, Piyush Goyal, is likely to visit London, Oslo and Brussels next week, with the aim of acid the three free trade agreements proposed with the respective regions.
London de Goyal’s visit will revolve around the progress made for the India-Uk free trade agreement, which is currently at its last stages without any new series of negotiations planned so far. Fourteen laps have been completed since the talks resumed in January 2022.
Oslo is crucial since India and the European block in four countries, ALEF, are on the point of operation by a trade agreement – a commercial and economic partnership agreement – later this year. EFTA means European Free Trade Association, whose members are Iceland, Liechtenstein, Norway and Switzerland. Several products such as Swiss watches, chocolates and cut and polished diamonds will also be allowed to enter India to lower or zero tasks under the pact.
Brussels is the hub of India-UE FTA talks. India and the block of 27 countries explore the possibility of discussing an early harvest agreement before going for a complete pact.
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